Cheatham Jerry A 4

What Happened

• Jerry A. Cheatham, Interim Chief Financial Officer of Sonoco Products Co. (SON), received stock awards on 2026-02-19. The filing shows 230 shares acquired at $43.64 each (value $10,037) and 3,847 restricted stock units (RSUs) granted with a grant value of $56.07 per unit (value $215,701). To satisfy tax withholding on the 230-share delivery, 83 shares were disposed/withheld at $43.64 each (value $3,622).
• These are awards/RSU grants (acquisitions), not open-market purchases or sales; the 83-share disposition is a routine tax withholding.

Key Details

• Transaction dates and prices: 2026-02-19 — 230 shares @ $43.64 (acquired, $10,037); 83 shares @ $43.64 (disposed for taxes, $3,622); 3,847 RSUs @ $56.07 (grant, $215,701).
• Shares owned after transaction: not disclosed in the Form 4 filing.
• Footnotes: F1 — each RSU represents a contingent right to one share; F2 — RSUs vest beginning one year from grant in three annual installments of 33%, 33% and 34%.
• Codes: A = award/grant, F = tax withholding (disposed). This filing appears timely (filed 2026-02-23 for a 2026-02-19 transaction; within the Form 4 two-business-day requirement).

Context

• The 3,847-item line is a derivative grant of RSUs — these are not delivered shares yet but will convert to common stock as they vest per the disclosed schedule. The 230-share line appears to be a delivery of vested stock (or a vested portion), with 83 shares withheld to cover tax obligations (a common practice, not a market sale).
• These entries reflect compensation-related awards rather than discretionary open-market buying or selling.